We trade only price action and smart money and for us since Nov we are pushing this idea to our channels. Thought to share it with the community.
1. These two orderblocks are in play right now.
2. Now play #2 which is chart pattern analysis. This M pattern is in play since March 2021 but people and so called youtube influencer and analyst are so stubborn to tell it
1. These two orderblocks are in play right now.
- The green one which is tested in July-Aug this will give the trend a signal to continue downward to grab liquidity from the untested block/blocks below which is at 22,000-24,000
- The 22,000 and 24,000 is where also weekly moving average 200 is right now.
- The wma200 will work as a strong support and give it the bounce a quick one
- The market will resume its up cycle in March.
2. Now play #2 which is chart pattern analysis. This M pattern is in play since March 2021 but people and so called youtube influencer and analyst are so stubborn to tell it
- In March it made the neckline
- Nov it extend its 2nd top to trap the bulls
- Now its travelling towards its base which can be around 12,500-22,500
- I know its a big block but in smart money we always plot to 1 block which we sees and second one is extreme
